Aritzia’s profit soars in Q3 Jan 11th

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Aritzia’s profit soars in Q3

– moneysense.ca

Aritzia Inc.’s net income jumped by almost 72% over the last year as the company’s e-commerce and U.S. revenues soared, but some of its financial figures also showed softness in the Canadian market.

The Vancouver-based apparel retailer announced Wednesday that its third-quarter net income totalled $74.1 million compared with about $43.1 million a year earlier.

Aritzia executives framed the big jump as a sign of strength on many fronts rather than the product of success in one area.

“When things are going this well, it is difficult to pinpoint and isolate any one aspect of it. It is everything working together,” said chief executive Jennifer Wong, when pressed by analysts on a Wednesday call looking to parse exactly what had driven the quarter’s gains.

“It is that cliché saying that the whole is greater than the sum of the parts.”

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